A trip to p-town, a fire island weekend, a pilgimage to southern decadence, a white party package, an olivia cruise. A vacation that is targeted to or holds special appeal for the gay community.
Monica: John looks like shit.
Matt: What do you expect? He just got back from his gaycation.
Sandi: You know what that means. Four days of sex, drugs and no last names.
The few week period after breaking up with your girlfriend dedicated to bro-time. Usually involves getting absolutely inebriated with your guy friends and pouring out all of your emotions about your ex-girlfriend/the break up. Probable tears are involved
Bro #1: Dude Janine just broke up with me, you wanna hang out tonight?
Bro #2: Yeah let's getfucked up. You can go on a gaycation with us
Bro #1: That sounds great man- I need to talk about my feelings, plus I miss you guys.
Bro #2: Fag.